Iron Mountain (NYSE:IRM - Get Free Report) is projected to issue its Q4 24 quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $1.60 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.
Iron Mountain Trading Up 0.1 %
IRM stock traded up $0.09 during trading on Friday, hitting $95.34. The company had a trading volume of 2,521,271 shares, compared to its average volume of 1,946,442. The business has a 50-day moving average of $105.45 and a 200-day moving average of $112.70. Iron Mountain has a one year low of $67.09 and a one year high of $130.24. The stock has a market cap of $27.98 billion, a PE ratio of 264.85, a PEG ratio of 5.84 and a beta of 1.01.
Iron Mountain Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a $0.785 dividend. The ex-dividend date is Monday, March 17th. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. This represents a $3.14 annualized dividend and a yield of 3.29%. Iron Mountain's dividend payout ratio is presently 794.47%.
Insider Activity at Iron Mountain
In other news, CEO William L. Meaney sold 15,872 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total transaction of $1,793,377.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mithu Bhargava sold 8,263 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the sale, the executive vice president now directly owns 13,054 shares of the company's stock, valued at approximately $1,364,012.46. This represents a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 162,391 shares of company stock valued at $16,805,912. 2.10% of the stock is owned by insiders.
Analysts Set New Price Targets
IRM has been the topic of a number of research analyst reports. StockNews.com cut Iron Mountain from a "hold" rating to a "sell" rating in a report on Tuesday, January 28th. BNP Paribas upgraded Iron Mountain to a "strong-buy" rating in a report on Wednesday, November 6th. Wells Fargo & Company cut their price target on Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada increased their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Finally, Barclays cut their price target on Iron Mountain from $131.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $129.17.
View Our Latest Report on Iron Mountain
About Iron Mountain
(
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Iron Mountain Incorporated NYSE: IRM is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.
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